08 May 2018
Sir, if X ltd issued a cheque on 15/9/2017 as donation.The cheque is not yet presented by the party.90 days time limit is already over.What journal entry should i pass now?
08 May 2018
If you think that the party would come back and you shall issue a replacement cheque : 1. Stale Cheques Account Dr. To Bank account Otherwise - reverse the entry
CAclubindia
